Distressed PE in DACH?
At the associate level, would you consider leaving a mid-market distressed PE fund for RX team at an EB? It's not EVR or PJT, but still a top-tier M&A player that's been landing some sizable RX mandates.
From what I've gathered, PE associates in turnaround and special sits funds often don't pull in the same comp as their counterparts in EBs, although the work-life balance might be a bit more forgiving. But if your fund is underperforming, does jumping back into the IB world make sense? Or once you're out, do you prefer to stay out?
Would love to hear your experiences or any advice you might have!
(Full disclosure: I'm recruiting for this position and genuinely believe it offers great exposure and career development opportunities, including better future exits. I don't want to overstep or assume—just curious if this move makes sense from your perspective.)
It all depends on your long-term objectives (PE, IB, Money, Prestige, Moving to a different location). What are you looking for?
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